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Assessing Your Exposure to Climate Risk in 2024

As we commemorate World Earth Day, it’s imperative to acknowledge the pressing need for businesses to fortify themselves against the escalating risks posed by climate change. 2024 has already witnessed significant environmental shifts with far-reaching global ramifications, signalling the importance of proactive climate risk mitigation in business continuity planning.

It’s crucial to confront the reality of climate-related risks and take decisive action to mitigate their impact. Our report delves into the intricate web of climate threats, offering insights into sectors and regions vulnerable to these changes.

Challenges of Climate Change Dynamics

As the global climate continues to change, there is a growing risk that the interaction between these events becomes more unpredictable and pronounced, further increasing their frequency and intensity, and compounding their overall impact. Complicating matters, the El Niño effect, which began in May 2023 and extended into 2024, significantly intensified extreme weather conditions.

Mitigating Risks Through Proactive Planning

Businesses must adopt a proactive stance against climate risks, integrating resilience and resistance measures into their operations. Robust risk management plans, coupled with targeted training programs, empower stakeholders to identify, assess, and respond effectively to climate-related threats.

In this report:

  • Overview: Climate Risks and Trends               
  • Ecotage: Activism and Disinformation
  • Heatwaves and Droughts
    • Risks, Countermeasures, Places and Industries that will be most affected
    • Case Summary: Droughts’ impact on farming and the chip-making industry in Taiwan
  • Wildfires
    • Risks, Countermeasures, Places and Industries that will be most affected
    • Case Summary: Southern European wildfires’ impact on the tourism industry
  • Floods
    • Risks, Countermeasures, Places and Industries that will be most affected
    • Case Summary: Thailand’s 2011 floods and their impact on supply chains
  • Storms
    • Risks, Countermeasures, Places and Industries that will be most affected
    • Case Summary: Hurricanes Ian and Nicole and their impact on Florida’s economic activity
  • How Solace Global Can Support Climate Change Risk Management
Assessing Your Exposure to Climate Risk in 2024 report mock up

Continued in full report…

Download Full Report